The folks currently purchasing 2-4 unit multifams are owner-occupying buyers/investors and they are being more cautious with their purchases due to the overall market rate conditions. 

I'm considering purchasing a vacant land in 19123 and would appreciate your guidance: 1.

Lots of variables to take into account here:- credit, ltv, DSCR score (based of rent / anticipated PTIT(A), experienceAre you looking for a purchase or refi transaction? 

@Carson McGee may know of the resort you're thinking of purchasing a condo in.

Since they are new, case law has yet to determine how they will be handled.

@John N Cook any insights into how the C-corp valuation is established in order to justify the stock purchase via the ROBS 401k account, assuming the c-corp has no assets or revenue on the books - how does one justify the investment in an audit?

The property is one of 3 that was a part of a bigger property owned by the neighboring family that got split, we purchased this one from the neighbors' brother.

My go-to HM lender has approved to finance a purchase that needs some minimal work, like a month or less worth of work. 

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

Here are some of the details:Wouldn't Purchased: June 2023Size: 4,300 SFlocation: Greenville, SCTenant: NNN lease, 3 year lease with renewal options that commenced in April 2024.Tenant pays $6,200 total. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.